that strikes fear it all over the hearts of d.c. and the suburbs, sequestration. >> it gives new meaning to the term "march madness," wbecause that is what will result if we face the sequester. >> the president did not want to have to deal with the debt limit again before his reelection. >> we will furlough as many as 800,000 dod civilians around the country for up to 20 days. >> defense secretary leon panetta says that if sequestration kicks in and billions of defense cuts are allowed to stand, he will throw the -- it will for the defense strategy out the window. if congress does not act to stop this, there will be a $1.20 trillion cut in spending, half in the defense department, and no corresponding rise in taxes. what is your best guess, evan? will it happen? >> yeah, a kid is going to happen. >> mark, if it does happen, the consequences? >> carl levin, i respect as much as any member of congress, thinks the odds are about even. the iceberg is at there and we can see it and we continue to sail in the direction of that. i think republicans, particularly speaker boehner, don't want it.